AGENTS - The traditional
approach for the majority of the population who
think of it as the only way to buy and sell their
home. No offence but…… over inflated
prices, no real motivation, they want you to part
with as much money as possible and they act for
the vendor. We have decided not to advertise Estate
Agents at the present as you all know where they
are in your high street.
- Used by knowledgeable investors and developers
to secure property below market value. It is not
for the faint hearted and if you do not know exactly
what you are doing, you may get stung. This is not
the fault of the auction house but due to poor understanding
of what is a good purchase.
SALES via the internet, magazines or newspapers
for sellers to come to you via newspapers, shop
windows, on lamp posts or a WEB SITE
you have located a suitable property, you then need
to negotiate the deal with the Vendor or their Agent.
this does not sound appealing, why not save yourself
the time and bother of trailing round the Agents,
scouring the newspapers or having your own website,
by utilising a SOURCING
COMPANY to do it for you.
PROVIDERS are Companies or individuals who have
done most of the hard work for you and have found
motivated sellers. You have to pay for the lead
then follow them up yourself.
MADE DEALS are packaged deals where the property
has been found, the deal has been struck and the
Power Team is set up for you. These
will attract higher fees, however, this is a more
HANDS OFF approach.
can be lucrative.
method you choose for SOURCING your properties,
ALWAYS do your DUE
DILIGENCE. This entails double checking all
financial figures given and making sure that you
are happy with the suggested valuation and rental
should be able to build up a picture with all the
information gleaned and make an informed decision
on whether the deal is right for you or not. No
one likes to walk away from a deal, especially if
it has already cost you money, however, if at any
time you feel that it will not be such a financially
stable deal or that the expected rental or valuation
will not stand up, it is better to cut your losses
and find another deal.
don’t want to purchase a property in an area
where no one wants to live or there is no rental
market for that type of property (ie. you should
not purchase a student property in a country estate
miles from anywhere)